tag:blogger.com,1999:blog-8964596045360803212.post6640287509758236195..comments2023-10-11T04:38:51.793-07:00Comments on Accept The Challenge: Mind Your Own BusinessChief Instructorhttp://www.blogger.com/profile/13604561415860237705noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8964596045360803212.post-79192920372613239722011-11-07T13:51:09.008-08:002011-11-07T13:51:09.008-08:00TOR, the guy that opened the mailbox place had no ...TOR, the guy that opened the mailbox place had no prior mailbox experience and no prior experience owning a business. Yet he dumps everything he's got into this business. <br /><br />Absolutely insane.Chief Instructorhttps://www.blogger.com/profile/13604561415860237705noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-12859788088429592022011-11-02T20:46:18.740-07:002011-11-02T20:46:18.740-07:00I read a book on rural small businesses once. The ...I read a book on rural small businesses once. The author said if you can't do the math on the back of an envelope and figure out that it will work then you shouldn't be involved. Either the deal is iffy or you don't know enough about it which might be worse. <br /><br />Also the low to no initial investment thing was pressed, at least until it starts showing a profit. This is important as most businesses/ ventures fail. Trying 5ideas to figure out what will work is practical if you have some other way to put food on the table and aren't pouring money into failures. <br /><br />If you really know a business in some areas startup costs might be advisable. Example, a guy who has been managing a pizza place for several years striking out on his own in an up and comming neighborhood. However jumping into something otherwise, especially if the product/ location aren't working now (buying a place that is already making money) is a big risk.<br /><br />-TORAnonymousnoreply@blogger.com